Laos's inflation rate in April dropped to 39.89%, a slight fall from the average rate of 40.85% in the first quarter of this year, according to the Lao Statistics Bureau.
Vientiane (VNA)❀ – Laos's inflation rate in April dropped to39.89%, a slight fall from the average rate of 40.85% in the first quarter of this year, accordingto the Lao Statistics Bureau.
The country recorded an inflation rate of 40.97% in March, thefirst drop from the previous month. In April, the highest price rises were recorded in the foodand non-alcoholic beverage category, which surged by 52.21% year-on-year,followed by the medical care and medicines category at 42.55%; communicationsand transport category at 32.69%; hotel and restaurant category at 37.39%; household utilities at 34.20%; and housing, water, electricity, and gas category at26.59%. Although the inflation rate tended to decrease compared tothe first three months of the year, prices of many commodities including pork,beef, chicken, and rice continued to increase by about 1.7% in general. Statistics showed that in April, althoughthere was no pressure from the increase in oil prices, goods and commodities inLaos saw a spike in prices due to high demand during the Lao New Yearcelebration. Meanwhile, the continuing depreciation of the Lao kip is among thekey factors driving inflation in Laos./.
The Lao Government has decided to raise the monthly minimum wage from 1.2 million LAK (nearly 70 USD) to 1.3 million LAK starting on May 1 to ease difficulties facing workers amid soaring inflation and economic uncertainties.
After a quiet period due to the impact of the COVID-19 pandemic, the tourism industry in Laos is showing signs of rapid recovery, especially at the ancient capital of Luang Prabang - a World Cultural Heritage - in the northern region of the country.
Fourteen Buddha statues, 22 swords, and a gong believed to be antiquities were recently discovered by local residents inside a cave in Nadee village in Viengthong district, the central Lao province of Bolikhamxay, Lao media reported on April 28.
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A market in Laos (Photo:thestar.com.my) 
